Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Int'l Pursuit (T.IPJ) -- Ignore unavailable to you. Want to Upgrade?

To: G who wrote (738)	11/25/1998 2:13:00 PM
From: NPValue	Respond to of 835

Isn't there any shareholder or group of shareholders (other than the company principals) who would even care to try and take some action to deal with management to DO SOMETHING and stop the bleeding?? The stock is down to US$0.12 and still fading. Gold has stabilized between $293 and $300 and should start to make a run in January and February - its traditional / seasonal time to rally. If they would just somehow spend some of their US $6 million to try and validate the reserves at Mahakam, that would in itself quadruple the price (provided, of course, that they were correct in stating that Mahakam is a multi-million ounce deposit). I don't want to hear about "Indonesian unrest," since Kalimantan isn't even close to the island where Jakarta is located. They should not be affected by anything happening in Jakarta which is not economic. P.S. Wondering out loud: does anybody know anything about Canadian security laws and the possibility of a class-action lawsuit by shareholders against these guys in case the stock does completely tank? I think an excellent case can be made of negligence by the principals.